Sony's PlayStation 4 to launch on Nov. 15 in US

The Associated Press

Sony says it will launch its latest video game console, the PlayStation 4, on Nov. 15 in the U.S. and Canada.

Sony Corp. said Tuesday that the gaming system will launch in Australia and European countries including Austria, Germany, Sweden and the U.K. on Nov. 29. The PS4 will also go on sale that day in 10 Latin American countries, including Argentina, Brazil and Chile.

The PS4 will cost $399. Microsoft Corp.'s rival Xbox One will cost $499. Microsoft has not announced an exact launch date.

The two consoles will be the first major gaming systems since Nintendo's Wii U went on sale last November.